Record Details

Institutional Reform and the Changing Face of Guanxi

International Journal of Business and Information

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Field Value
 
Title Institutional Reform and the Changing Face of Guanxi
 
Creator Drew, Antony
Kriz, Anton
 
Description History illustrates that different polities adopt different development models in order to achieve modernity. In the case of successful socio-economic and socio-political development, the models that have been adopted have conformed to the paradigms held by the majority of the citizenry, to their cultural values, and to the informal institutions that underpin the sense-making of the citizenry. This paper develops a theoretical framework to better identify potential trajectories of economic development in emerging countries. It draws on Trivers’s theory of reciprocal altruism from evolutionary biology, Berry’s eco-cultural framework from cross-cultural psychology, and North’s framework for analyzing economic and institutional change from new institutional economics. The framework is used in the current study to guide an exploratory empirical examination into how the development models adopted in eight Asian polities influence the reliance by Chinese business people on guanxi (relationships) to manage opportunism and to reduce search and transaction costs and environmental uncertainty. The findings indicate that the nature and practice of guanxi varies from polity to polity, depending on the type of development model adopted.
 
Publisher International Business Academics Consortium
 
Date 2015-11-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ijbi.org/ijbi/article/view/93
 
Source International Journal of Business and Information; Vol 9 No 2 (2014)
2520-0151
1728-8673
 
Language eng
 
Relation https://ijbi.org/ijbi/article/view/93/100
 
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